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Dryships Inc. Announces 7-Month Period Charters For Two Vessels Print
Thursday, 10 May 2007
dryships.jpgMay 10, 2007. Athens, Greece. DryShips, Inc., (NASDAQ:DRYS), a global provider of marine transportation services for drybulk cargoes, today announced that it has entered into the following charters for its vessels with unaffiliated third parties:
Its 1996 built 73,008 dwt Panamax bulk carrier “M/V Lanzarote” has been placed on time charter for a period of between five and seven months at a daily rate of $43,750, commencing on April 30, 2007.

Its 1997 built 72,126 dwt Panamax bulk carrier “M/V La Jolla” has been placed on time charter for a period of between five and seven months at a daily rate of $46,000, commencing on April 30, 2007.

Mr. George Economou, Chairman and CEO of DryShips Inc., commented:
“Our chartering strategy underpins our confidence in the positive fundamentals of the dry bulk industry and the upside potential of the spot market. While we take advantage of the robust freight rate environment, we generally focus on charters with duration of less than one year, a strategy which positions our fleet to take full advantage of the continuing market strength. We now have 54% of our fleet days in 2007 covered under short and medium term charters.”
 
 
 
 
 
 
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